Euro market opens its arms for return of US banks

By Tyler Davies
20 Oct 2020

Deal arrangers say the euro market is wide open for the return US bank issuance, following a very successful trade from Bank of America this week.

All of the large US banks have total loss-absorbing capacity (TLAC) ratios that are well in excess of their minimum requirements. 

They have already funded heavily this year, but they have mostly concentrated on pricing deals in their domestic market. 

Euros have only accounted for 7% ...

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